07 August 2018
07 August 2018
AOC and Aliancys have announce the official creation of a new combined company named AOC Aliancys, which will be a global supplier of polyester and vinyl ester resins, gelcoats and other materials used in the composites industry.
The merger follows CVC Capital Partners’ Fund VI (CVC) announced intent to acquire The Alpha Corporation, AOC’s parent company, on 2 May, a transaction that completed on 1 August. Aliancys has been a part of CVC’s portfolio since 2015.
Joe Salley, prior CEO of Milliken and formerly Operating Partner at Arsenal Capital, will be the CEO of AOC Aliancys. Fred Norman, previously CEO of AOC, will serve as CEO for the Americas. Bert Bakker, previously CEO of Aliancys, will serve as the CEO for Europe and Asia.
“This is the most important step we can take towards advancing the use of composites worldwide,” says Joe Salley. “Merging our companies allows us to leverage our geography and technology to strengthen our shared leadership in this growing industry.”
An integration team, comprised of representatives from across the new organisation, will lead the transition process. Teams from each functional area will leverage the strengths and best practices of each company to best serve customers and partners globally.
“Our main objective is to remain focused on our customers, to make this integration seamless, and to find ways to create even stronger partnerships,” Salley adds.
AOC Aliancys’ Americas’ headquarters is located in Collierville, Tennessee, US, and its Europe and Asia headquarters is in Schaffhausen, Switzerland.
“Our combined technology and expanded global reach will bring innovative composite solutions to more people than ever before,” states Fred Norman. “Joining forces allows us to better serve our customers, our employees, and our communities.”
“We are excited about the possibilities for future growth together," notes Bert Bakker. "Our teams will remain committed to the quality, innovation and service that propelled both companies to global leadership in our industry.”
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